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Feb. 21, 2018

Buying A Home in NV | 80% of Renters Believe Homeownership is a Part of Their American Dream

Buying A Home in NV | 80% of Renters Believe Homeownership is a Part of Their American Dream

 

Home sellers have lots of options when is time to sell their properties, however there is no magic formula that will guarantee in achieving the best and highest price possible for their homes. This is why I like to partner with my clients to guide them through the complexities of selling their homes. I assembled a team of true professionals with experience, dedication and strong communication skills to help ensure a successful and profitable sale of your home. 

Today I want to bring a very important point that relates to the sale of your home, 80% of Renters Believe Homeownership is a Part of Their American Dream

 

According to the latest Aspiring Home Buyers Profile by the National Association of Realtors (NAR), 82% of surveyed renters desire to own a home in the future, with 80% believing homeownership is a big part of achieving their American Dream. 

The profile went on to state that 50% of millennials believe that their rent will increase, with 20% believing that an increase in rent will be the catalyst that pushes them to consider buying a home vs. renewing their lease.

 

So, what is holding renters back?

 

 What would make renters take the plunge?

 

“Housing demand in 2018 will be fueled by more millennials finally deciding to marry and have kids and the expectations that solid job growth and the strengthening economy will push incomes higher.”

Yun goes on to warn that,

“However, with prices and mortgage rates also expected to increase, affordability pressures will persist. That is why it is critical for much of the country to start seeing a significant hike in new and existing housing supply. Otherwise, many would-be first-time buyers will be forced to continue renting and not reach their dream of being a homeowner.”

 

Bottom Line

If you are one of the many homeowners whose houses no longer fit their needs and are looking to move up to your dream home, now is a great time to list your starter home! First-time buyers are out in force looking to achieve their American Dream.

 

Source.. KCM Bill & Fran Jenkins Blog

 

To purchase your dream home or a great foreclosure property, is about being educated, thorough and patient with the process. The most important aspect of finding the perfect home is working with a real estate agent who is highly skilled in negotiation and understanding of your expectations! 

For more information or assistance to help you find a home in the Las Vegas and Henderson area please call us at 702–845–8540.    

 

 

Posted in Las Vegas
Feb. 14, 2018

Sell My House in Las Vegas | Which Comes First… Marriage or Mortgage?

Sell My House in Las Vegas | Which Comes First… Marriage or Mortgage?

 

When looking for homes in Las Vegas consumers search for the latest listings using our local Las Vegas MLS (Multiple Listing Service). We understand that you have many choices and this is why we thrive by bringing excellence to your buying experience. Our website LasVegasFindaHome.com provides you with the latest listings including the most recent MLS houses for sale. You can save your favorite search and you can also subscribe to an email alert to receive automated real estate updates emailed directly to your mailbox.   

We give you full access to the newest listings in Las Vegas including, foreclosures, auction properties, distressed properties, short sales , REO’s and private sales.    

When you’re looking for your dream home or an investment property, make sure you visit LasVegasFindaHome.com and allow us the opportunity to service your Real Estate needs.   

Today, I want to touch on an important subject that affects all Home Buyers: Which Comes First… Marriage or Mortgage?

 

According to the National Association of REALTORS most recent Profile of Home Buyers & Sellers, married couples once again dominated the first-time homebuyer statistics in 2017 at 57% of all buyers. It is no surprise that having two incomes to save for down payments and contribute to monthly housing costs makes buying a home more attainable. 

But, many couples are also deciding to buy a home before spending what would be a down payment on a wedding, as unmarried couples made up 16% of all first-time buyers last year. 

If you’re single, don’t fret! Single women made up 18% of first-time buyers in 2017, while single men accounted for 7% of buyers. A recent report pointed to a sense of responsibility and commitment that drives many single women to want to own their own homes rather than rent someone else’s. 

Here is the breakdown of all first-time homebuyers in 2017 by percentage of all buyers, income, and age:

 

Bottom Line

You may not be that much different than those who have already purchased their first homes. Let’s get together to determine if your dream home is already within your grasp!

 

Source.. KCM Bill & Fran Jenkins Blog

 

To purchase your dream home or a great foreclosure property, is about being educated, thorough and patient with the process. The most important aspect of finding the perfect home is working with a real estate agent who is highly skilled in negotiation and understanding of your expectations!  

For more information or assistance to help you find a home in the Las Vegas and Henderson area please call us at 702–845–8540.     

 

 

Posted in Las Vegas
Feb. 7, 2018

Las Vegas | Where Are Mortgage Interest Rates Headed in 2018?

Las Vegas | Where Are Mortgage Interest Rates Headed in 2018?

 

When looking for homes in Las Vegas consumers search for the latest listings using our local Las Vegas MLS (Multiple Listing Service). We understand that you have many choices and this is why we thrive by bringing excellence to your buying experience. Our website LasVegasFindaHome.com provides you with the latest listings including the most recent MLS houses for sale. You can save your favorite search and you can also subscribe to an email alert to receive automated real estate updates emailed directly to your mailbox.  

We give you full access to the newest listings in Las Vegas including, foreclosures, auction properties, distressed properties, short sales , REO’s and private sales.  

 When you’re looking for your dream home or an investment property, make sure you visit LasVegasFindaHome.com and allow us the opportunity to service your Real Estate needs.  

Today, I want to touch on an important subject that affects all Where Are Mortgage Interest Rates Headed in 2018?

 

The interest rate you pay on your home mortgage has a direct impact on your monthly payment. The higher the rate the greater the payment will be. That is why it is important to know where rates are headed when deciding to start your home search. 

Below is a chart created using Freddie Mac’s U.S. Economic & Housing Marketing Outlook. As you can see, interest rates are projected to increase steadily over the course of the next 12 months.

 

How Will This Impact Your Mortgage Payment?

Depending on the amount of the loan that you secure, a half of a percent (.5%) increase in interest rate can increase your monthly mortgage payment significantly.

According to CoreLogic’s latest Home Price Index, national home prices have appreciated 7.0% from this time last year and are predicted to be 4.2% higher next year.

If both the predictions of home price and interest rate increases become reality, families would wind up paying considerably more for their next home.

 

Bottom Line 

Even a small increase in interest rate can impact your family’s wealth. Let’s get together to evaluate your ability to purchase your dream home.

 

Source.. KCM Bill & Fran Jenkins Blog

 

To purchase your dream home or a great foreclosure property, is about being educated, thorough and patient with the process. The most important aspect of finding the perfect home is working with a real estate agent who is highly skilled in negotiation and understanding of your expectations! 

For more information or assistance to help you find a home in the Las Vegas and Henderson area please call us at 702–845–8540.    

 

 

Posted in Henderson, Las Vegas
Jan. 31, 2018

Las Vegas Homes For Sale | Study Shows “Millennials Deserve More Credit”

Las Vegas Homes For Sale | Study Shows “Millennials Deserve More Credit”

 

Home sellers have lots of options when is time to sell their properties, however there is no magic formula that will guarantee in achieving the best and highest price possible for their homes. This is why I like to partner with my clients to guide them through the complexities of selling their homes. I assembled a team of true professionals with experience, dedication and strong communication skills to help ensure a successful and profitable sale of your home.

 

Today I want to bring a very important point that relates to the sale of your home, Study Shows “Millennials Deserve More Credit”

 

When it comes to talking about millennials, there are many stereotypes out there that have influenced the way the public feels about the generation. Whether it’s the assumption that millennials are irresponsible with money and would rather buy avocado toast than save for a down payment, or that millennials jump from job to job, the majority of these stereotypes paint the generation in a negative light. 

A new study by Bank of America entitled Better Money Habits Millennial Report recently came to the defense of the generation when it reported that: 

“Millennials deserve more credit – both from themselves and from others – for their mindfulness when it comes to money and their lives.” 

Here are some key takeaways from the study proving that millennials deserve more credit for what they are already doing:

 

* 63% are saving – (47% have $15,000 or more in savings)

* 54% are budgeting – (73% who have a budget stick to it every month)

* 57% have a savings goal – (67% who have a goal stick to it every month)

* 46% have asked for a raise in the past 2 years – (80% who asked for a raise got one)

* 59% feel financially secure – (16% have $100,000 or more in savings)

 

Many have wondered if millennials even want to own their own homes or if they would choose to rent instead. Well, not only do they want to own their own homes, but many already do and are looking to trade up! A recent study by realtor.com shows that 49% of Americans who plan to sell their home in the next 12 months are millennials! 

Danielle Hale, realtor.com’s Chief Economist, gave some insight into why millennials are looking to sell, 

“The housing shortage forced many first-time homebuyers to consider smaller homes and condos as a way to literally get their foot in the door. Our survey data reveals that we may see more of these homes hitting the market in the next year.”

 

Bottom Line

Not every millennial fits into the stereotypes that are so prominent in our society. Those who have risen above the stereotype are ready and willing to buy a home of their own, and many others already have!

 

Source.. KCM Bill & Fran Jenkins Blog

 

To purchase your dream home or a great foreclosure property, is about being educated, thorough and patient with the process. The most important aspect of finding the perfect home is working with a real estate agent who is highly skilled in negotiation and understanding of your expectations!  

For more information or assistance to help you find a home in the Las Vegas and Henderson area please call us at 702–845–8540.  

 

 

Posted in Las Vegas
Jan. 24, 2018

Las Vegas | Gap Between Homeowners & Appraisers Narrows to Lowest Mark in 2 Years

Las Vegas | Gap Between Homeowners & Appraisers Narrows to Lowest Mark in 2 Years

 

When looking for homes in Las Vegas consumers search for the latest listings using our local Las Vegas MLS (Multiple Listing Service). We understand that you have many choices and this is why we thrive by bringing excellence to your buying experience. Our website LasVegasFindaHome.com provides you with the latest listings including the most recent MLS houses for sale. You can save your favorite search and you can also subscribe to an email alert to receive automated real estate updates emailed directly to your mailbox.   

We give you full access to the newest listings in Las Vegas including, foreclosures, auction properties, distressed properties, short sales , REO’s and private sales.    

When you’re looking for your dream home or an investment property, make sure you visit LasVegasFindaHome.com and allow us the opportunity to service your Real Estate needs.   

Today, I want to touch on an important subject that affects all Home Buyers: Gap Between Homeowners & Appraisers Narrows to Lowest Mark in 2 Years

 

In today’s housing market, where supply is very low and demand is very high, home values are increasing rapidly. Many experts are projecting that home values could appreciate by another 4% or more over the next twelve months. One major challenge in such a market is the bank appraisal. 

When prices are surging, it is difficult for appraisers to find adequate, comparable sales (similar houses in the neighborhood that recently closed) to defend the selling price when performing the appraisal for the bank. 

Every month in their Home Price Perception Index (HPPI), Quicken Loans measures the disparity between what a homeowner who is seeking to refinance their home believes their house is worth and what an appraiser’s evaluation of that same home is. 

In the latest release, the disparity was the narrowest it has been in over two years, as the gap between appraisers and homeowners was only -0.5%. This is important for homeowners to note as even a .5% difference in appraisal can mean thousands of dollars that a buyer or seller would have to come up with at closing (depending on the price of the home) 

The chart below illustrates the changes in home price estimates over the last two years.

 

Bill Banfield, Executive VP of Capital Markets at Quicken Loans urges homeowners to find out how their local markets have been impacted by supply and demand:

“Appraisers and real estate professionals evaluate their local housing markets daily. Homeowners, on the other hand, may only think about their housing market when they see ‘for sale’ signs hit front yards in the spring or when they think about accessing their equity.”

“With several years of growth, owners may have more equity than they realize. Many consumers use the tax season at the beginning of the year to reevaluate their entire financial life. It also provides a good opportunity for them to consider how best to take advantage of their equity while mortgage interest rates and borrowing costs are still near record lows.”

 

Bottom Line 

Every house on the market must be sold twice; once to a prospective buyer and then to the bank (through the bank’s appraisal). With escalating prices, the second sale might be even more difficult than the first. If you are planning on entering the housing market this year, let’s get together to discuss this and any other obstacles that may arise.

 

Source.. KCM Bill & Fran Jenkins Blog

 

To purchase your dream home or a great foreclosure property, is about being educated, thorough and patient with the process. The most important aspect of finding the perfect home is working with a real estate agent who is highly skilled in negotiation and understanding of your expectations!  

For more information or assistance to help you find a home in the Las Vegas and Henderson area please call us at 702–845–8540.  

 

 

 

Posted in Henderson, Las Vegas
Jan. 17, 2018

Henderson | 61% of First-Time Buyers Put Down Less than 6%

Henderson | 61% of First-Time Buyers Put Down Less than 6%

 

Home sellers have lots of options when is time to sell their properties, however there is no magic formula that will guarantee in achieving the best and highest price possible for their homes. This is why I like to partner with my clients to guide them through the complexities of selling their homes. I assembled a team of true professionals with experience, dedication and strong communication skills to help ensure a successful and profitable sale of your home.

Today I want to bring a very important point that relates to the sale of your home, 61% of First-Time Buyers Put Down Less than 6%

 

According to the National Association of Realtors’ latest Realtors Confidence Index, 61% of first-time homebuyers purchased their homes with down payments below 6% from October 2016 through November 2017. 

Many potential homebuyers believe that a 20% down payment is necessary to buy a home and have disqualified themselves without even trying. The median down payment for all buyers in 2017 was just 10% and that percentage drops to 6% for first-time buyers. 

Zillow Senior Economist Aaron Terrazas’ recent comments shed light on why buyer demand has remained strong, 

“Looking into 2018, rent is expected to continue gaining. More widespread rent growth could mean home buying demands stay high, as renters who can afford it move away from the unpredictability of rising rents toward the relative stability of a monthly mortgage payment instead.” 

It’s no surprise that with rents rising, more and more first-time buyers are taking advantage of low-down-payment mortgage options to secure their monthly housing costs and finally attain their dream homes.

 

Bottom Line

If you are one of the many first-time buyers who is not sure if you would qualify for a low-down payment mortgage, let’s get together and set you on your path to homeownership!

 

Source.. KCM Bill & Fran Jenkins Blog

 

To purchase your dream home or a great foreclosure property, is about being educated, thorough and patient with the process. The most important aspect of finding the perfect home is working with a real estate agent who is highly skilled in negotiation and understanding of your expectations! 

For more information or assistance to help you find a home in the Las Vegas and Henderson area please call us at 702–845–8540.    

 

 

Posted in Henderson, Las Vegas
Jan. 10, 2018

Las Vegas | FICO® Scores on Approved Home Loans Drop Again

Las Vegas | FICO® Scores on Approved Home Loans Drop Again

 

When looking for homes in Las Vegas consumers search for the latest listings using our local Las Vegas MLS (Multiple Listing Service). We understand that you have many choices and this is why we thrive by bringing excellence to your buying experience. Our website LasVegasFindaHome.com provides you with the latest listings including the most recent MLS houses for sale. You can save your favorite search and you can also subscribe to an email alert to receive automated real estate updates emailed directly to your mailbox.  

We give you full access to the newest listings in Las Vegas including, foreclosures, auction properties, distressed properties, short sales , REO’s and private sales.   

When you’re looking for your dream home or an investment property, make sure you visit LasVegasFindaHome.com and allow us the opportunity to service your Real Estate needs.  

Today, I want to touch on an important subject that affects all Home Buyers: FICO® Scores on Approved Home Loans Drop Again

 

According to Ellie Mae’s latest Origination Report, the average FICO® Score on all closed loans dropped to 722 which is its lowest mark since April. The average includes all approved refinance and purchase loans. 

FHA and VA loans showed the most opportunity for millennials looking to enter the market with low down payments and even lower FICO® Score requirements. 

Ellie Mae’s Millennial Tracker revealed that those who purchased homes in December with an FHA Loan were able to do so with an average down payment of 4% and a FICO® Score of only 684. 

Joe Tyrell, EVP of Corporate Strategy at Ellie Mae commented on the opportunity this brings to buyers, 

“With the average credit score dipping, lenders are extending credit to borrowers who may have had no previous access to the housing market.”

 

Bottom Line

More and more potential buyers are able to qualify for a mortgage loan now! If you are debating a home purchase, let’s get together and evaluate your ability to buy today!

 

Source.. KCM Bill & Fran Jenkins Blog

 

To purchase your dream home or a great foreclosure property, is about being educated, thorough and patient with the process. The most important aspect of finding the perfect home is working with a real estate agent who is highly skilled in negotiation and understanding of your expectations!  

For more information or assistance to help you find a home in the Las Vegas and Henderson area please call us at 702–845–8540.    

 

 

Posted in Las Vegas
Jan. 3, 2018

Las Vegas | The Benefits of Homeownership Go Beyond the Financial

Las Vegas  | The Benefits of Homeownership Go Beyond the Financial

 

When looking for homes in Las Vegas consumers search for the latest listings using our local Las Vegas MLS (Multiple Listing Service). We understand that you have many choices and this is why we thrive by bringing excellence to your buying experience. Our website LasVegasFindaHome.com provides you with the latest listings including the most recent MLS houses for sale. You can save your favorite search and you can also subscribe to an email alert to receive automated real estate updates emailed directly to your mailbox.  

We give you full access to the newest listings in Las Vegas including, foreclosures, auction properties, distressed properties, short sales , REO’s and private sales.   

When you’re looking for your dream home or an investment property, make sure you visit LasVegasFindaHome.com and allow us the opportunity to service your Real Estate needs.  

Today, I want to touch on an important subject that affects all Home Buyers: The Benefits of Homeownership Go Beyond the Financial

 

Homeownership is a major part of the American Dream. As evidence of that, 91% of Americans believe that owning a home is either essential (43%) or important (48%) to achieving that “dream.” In a market where some people may be unsure about the benefits and possibilities of buying a home, it is important that we remember this. 

Homeownership is NOT just about the money. In fact, some of the major benefits are non-financial. Here are a few of those benefits as per the National Association of Realtors: 

- Consistent findings show that homeownership does make a significant positive impact on educational achievement.

- Several researchers have found that homeowners tend to be more involved in their communities than renters.

- Early studies of homeownership and health outcomes found that homeowners and children of homeowners are generally happier and healthier   than non-owners, even after controlling for factors such as income and education levels that are also associated with positive health outcomes   and positively correlated with homeownership.

 

Bottom Line

Homeownership means something more to people and their families than just the financial considerations.

 

Source.. KCM Bill & Fran Jenkins Blog

 

To purchase your dream home or a great foreclosure property, is about being educated, thorough and patient with the process. The most important aspect of finding the perfect home is working with a real estate agent who is highly skilled in negotiation and understanding of your expectations!  

For more information or assistance to help you find a home in the Las Vegas and Henderson area please call us at 702–845–8540.    

 

 

Posted in Henderson, Las Vegas
Dec. 27, 2017

Las Vegas | Top 4 REAL Reasons We Buy a Home

Las Vegas | Top 4 REAL Reasons We Buy a Home

 

When looking for homes in Las Vegas consumers search for the latest listings using our local Las Vegas MLS (Multiple Listing Service). We understand that you have many choices and this is why we thrive by bringing excellence to your buying experience. Our website LasVegasFindaHome.com provides you with the latest listings including the most recent MLS houses for sale. You can save your favorite search and you can also subscribe to an email alert to receive automated real estate updates emailed directly to your mailbox. 

We give you full access to the newest listings in Las Vegas including, foreclosures, auction properties, distressed properties, short sales , REO’s and private sales.  

When you’re looking for your dream home or an investment property, make sure you visit LasVegasFindaHome.com and allow us the opportunity to service your Real Estate needs. 

Today, I want to touch on an important subject that affects all Home Buyers: Top 4 REAL Reasons We Buy a Home

 

We often talk about the financial reasons why buying a home makes sense. But, more often than not, the emotional reasons are the more powerful or compelling reasons. 

No matter what shape or size your living space is, the concept and feeling of home can mean different things to different people. Whether it’s a certain scent or a favorite chair, the emotional reasons why we choose to buy our own homes are typically more important to us than the financial ones.

 

1. Owning your home offers stability to start and raise a family

From the best neighborhoods to the best school districts, even those without children at the time of purchase may have this in the back of their minds as a major reason for choosing the location of the home that they purchase.

 

2. There’s no place like home

Owning your own home offers you not only safety and security, but also a comfortable place that allows you to relax after a long day!

 

3. You have more space for you and your family

Whether your family is expanding, an older family member is moving in, or you need to have a large backyard for your pets, you can take this all into consideration when buying your dream home!

 

4. You have control over renovations, updates, and style

Looking to actually try one of those complicated wall treatments that you saw on Pinterest? Tired of paying an additional pet deposit for your apartment building? Or maybe you want to finally adopt that puppy or kitten you’ve seen online 100 times? Who’s to say that you can’t in your own home?

 

Bottom Line

Whether you are a first-time homebuyer or a move-up buyer who wants to start a new chapter in your life, now is a great time to reflect on the intangible factors that make a house a home.

 

Source.. KCM Bill & Fran Jenkins Blog

 

To purchase your dream home or a great foreclosure property, is about being educated, thorough and patient with the process. The most important aspect of finding the perfect home is working with a real estate agent who is highly skilled in negotiation and understanding of your expectations! 

For more information or assistance to help you find a home in the Las Vegas and Henderson area please call us at 702–845–8540.     

 

 

Posted in Henderson, Las Vegas
Dec. 20, 2017

Las Vegas | Top 5 Benefits of Hiring a Real Estate Agent

Las Vegas | Top 5 Benefits of Hiring a Real Estate Agent

 

When looking for homes in Las Vegas consumers search for the latest listings using our local Las Vegas MLS (Multiple Listing Service). We understand that you have many choices and this is why we thrive by bringing excellence to your buying experience. Our website LasVegasFindaHome.com provides you with the latest listings including the most recent MLS houses for sale. You can save your favorite search and you can also subscribe to an email alert to receive automated real estate updates emailed directly to your mailbox. 

We give you full access to the newest listings in Las Vegas including, foreclosures, auction properties, distressed properties, short sales , REO’s and private sales.  

When you’re looking for your dream home or an investment property, make sure you visit LasVegasFindaHome.com and allow us the opportunity to service your Real Estate needs. 

Today, I want to touch on an important subject that affects all Home Buyers: Top 5 Benefits of Hiring a Real Estate Agent

 

The National Association of Realtors (NAR) recently released their 2017 Profile of Home Buyers and Sellers in which they surveyed recent home buyers and sellers about their experiences. An entire section of the profile is dedicated to buyers’ experiences with their real estate agents. 

If you are looking to buy in 2018, here are the top 5 benefits of using a real estate agent when buying your dream home as cited by recent buyers:

 

1. Helped the buyer understand the process – 60%

If you are new to the home buying process, an experienced real estate professional can explain exactly what to expect during the entire transaction so you aren’t caught off guard.

 

2. Pointed out unnoticed features/faults with the property – 56%

Whether it’s pointing out possible uses for an extra bedroom/office, or using their trained eye to see potentially disastrous hazards that may be hiding out of site, your agent is there to protect your interests and make sure your home buying experience is a good one.

 

3. Negotiated better sales contract terms – 47%

When it comes to negotiating the complex terms of your contract and coming to an agreement with the seller, it never hurts to have someone who has been there before on your side. If earlier in your search you found a couple of less than desirable features on the home you are going to purchase, your agent can make sure that contingencies are in place for you to pay the best price. Their analysis of comparable properties in the area will also help to make sure that your dream home is priced properly for the market.

 

4. Provided a better list of service providers – 46%

Real estate agents are titans of networking. Many have a list of preferred providers who they have worked with in the past and who they trust to work as a part of your team to make your dream come true. This can include mortgage professionals (listed as the #8 reason to use an agent at 22%), home inspectors, plumbers, contractors, painters, landscapers, home stagers, and so many more!

 

5. Improved the buyer’s knowledge of search areas – 44%

Local real estate professionals are often members of community organizations and are usually well versed in their area’s history. Their ties to the community make them a great resource whether you plan to relocate to a new area or across town.

 

Bottom Line

If your plans for 2018 include purchasing your dream home, let’s get together to discuss your options and to help you make the most powerful and confident decisions for you and your family.

 

Source.. KCM Bill & Fran Jenkins Blog

 

To purchase your dream home or a great foreclosure property, is about being educated, thorough and patient with the process. The most important aspect of finding the perfect home is working with a real estate agent who is highly skilled in negotiation and understanding of your expectations! 

For more information or assistance to help you find a home in the Las Vegas and Henderson area please call us at 702–845–8540.     

 

 

Posted in Las Vegas